Testify. We begin this morning with todays eye opener, your world in 90 seconds. Our relationships with russia are at a very low point and they have been deteriorating. Nearly leaked nsa documents detail russian hacking. Russian military intelligence was trying to break into u. S. Election systems. The. Department of justice charging a federal contractor for leaking top secret information to the media. You cant put that out there because you think its a good idea. I want people in handcuffs and behind bars. The president attacking his own Justice Department trying to make the case for his travel ban. It is a travel ban. I dont think the president cares what you call it. The lawyers and courts can call it whatever you want but British Police named three men who carried out the terror attack. One was known to the police. A lot of signs. Why werent the police, authorities, counterterrorism officials doing something more . Police say a disgruntled worker is behind a shooting rampage in flo
And james comey on the hill today. The released testimony making waves. Well go live to d. C. Shares of alibaba are surging in the premarket. Well dig in on those numbers and the impact on yahoo. Voters headed to the polls today in london today. Well look at the latest and how the markets are reacting. First up, james comey due to testify at the top of the hour. The stocks did rise yesterday after the release of the former fbi directors prepared testimony in which comey says the president sought his loyalty and urged him to quote lift the cloud surrounding the russia probe, but many suggest theres no smoking gun. Its being called the rorschach test of sorts but the bar to obstruction is high in large part because the republican hold that key. Thank you, thats it. I think that we have to its a political issue. I waffle between comeygeddon and comey those. That was good. I have worked on that all night. Its like like focused on General Mills and kellogg. I have not heard that. Thank you.
About comeygeddon you may think its about being comey toast but on this show we only care about washington insofar as it can help to try to make you money. Its important not to miss the forest for the trees. The dow averaging up nine points. Nasdaq advancing 9. 3 . I think the story is much less about director comey versus President Trump than it is about two stops. Invidia versus nordstrom i know. Only i could boil down a constitutional crisis into two stocks. Thats all right. Theyre jumping. I can do it. As riveting as the comey testimony was, for me, it means only one thing, forget about washington. Forget about it. If youre looking for anything good, these hearings, thats it. They have derailed entirely. The trump economic agenda the stock market likes very much including repatriation and tax reform. In that landmark documentary, duck soup, you have to take up the tax before you can take up the carpet. At this point, trump, he cant even take up a carpet. Yeah, its that bad for the
A check on the yields on the tenyear right now. Youre looking at the 30year bond, 2. 985 . Want to get a mortgage right now . What do you think . Anybody . Better hurry up. What do you think . Better hurry up. Hurry up, right . Trains left the station . Whats going to happen to real estate prices . Well, commercial real estate prices, cap rates fallen to 4 . They only have one way to go. This is very true. Among todays top stories, were watching oil prices closely ahead of a key opec meeting wednesday. Crude was down sharply on reports of disagreement between opec countries and non opec exporters like russia over who should cut production to curb oversupply. A meeting scheduled for today between opec and non opec producers was canceled after saudi arabia decided not to attend. Take a look there. Wti down just a few cents a barrel, 46. 03 last trade, brent unchanged. On this weeks economic agenda, tomorrow look for the estimate on thirdquarter gdp, the s p caseshiller, Consumer Confiden
For all of the dows implied decline, macys is no good either. Well get to all of that. Europe in the red this morning. Asia quiet overnight. And watch oil up four of five sessions following the best day in about two weeks. Our roadmap begins with four names down big this morning. Shares of macys falling hard after the companys Earnings Report this morning slashing guidance. Terry lundgren saying on the call we are not counting on the consumer to spend more ncht office depot and staples calling off merger after a judge blocked the deal. Both stocks taking a hit this morning. And disney shares falling after missing estimates for the first time in five years. A drop in espn ad sales and subscribers taking a toll on that quarter. Ncht first up, macys down in the premarket after the company missed on quarterly revenue and slashes their full year guidance. Retailers says Top Line Sales expected to remain below initial expectations. Macys Early Release Terry Lundgren saying we are seeing cont